Friday, April 23, 2021
Home News Reports Saradha Chit Fund Case: All you need to know why Mamata Banerjee is trying...

Saradha Chit Fund Case: All you need to know why Mamata Banerjee is trying to scuttle the CBI probe

Several senior TMC leaders are accused in the chit fund scam, apart from some Congress leaders

Kolkata witnessed an unprecedented series of events last night when a team of CBI officials were detained by the state police after they paid the police commissioner a visit to obtain crucial information regarding the Saradha scam.

The CBI claimed that the police had taken charge of all evidence and documents pertaining to the investigation and a lot of it had already been caused to be disappeared. Since then, the West Bengal Chief Minister has been sitting on a Dharna and the matter has reached the Court.

It is necessary to look back at the events that preceded the extraordinary step taken by the state police in order to understand their motivations for doing so.

The Saradha scam broke out into the open in 2013 when a ponzi scheme run by the Saradha Group, a consortium of over 200 private companies, collapsed after collecting hundreds and thousands of crores from over 15 lakh investors.

The Supreme Court had ordered a CBI probe into the matter in May, 2014 after pleas were filed by advocates Pratim Kumar Singha Ray, Abu Abbasuddin and Subrata Chattoraj. The Court considered the inter-state ramifications and the larger conspiracy angle in mind while delivering its verdict. It also directed the state agencies to assist the CBI in its investigation. The West Bengal government had opposed the CBI inquiry into the scam in the Court.

Senior leaders of the Trinamool Congress have been alleged to be intimately involved in the scam ever since the CBI initiated its investigation. In December 2014, state transport and sports minister, Madan Mitra, was arrested by the central investigative agency in connection with the scam. Mitra was accused of criminal conspiracy, cheating and misappropriation.

The TMC had then called it a criminal conspiracy as well despite the fact that two Rajya Sabha MPs, Kunal Ghosh and Srinjoy Bose, and party Vice-President Rajat Majumder were behind bars for their involvement in the scam as well.

Sudipto Sen, CEO and CMD of the Saradha Group, in a confessional letter to the CBI in 2013 made several claims with far-reaching political implications. In the letter, Sen claimed that he had not only paid hefty pay-out amounts to Trinamool leaders but also influential Congress leader in Assam Matang Sinh, and senior Congress leader P. Chidambaram’s wife Nalini Chidambaram.

Sen also submitted a list of 22 people who had “used” him to make money. The list reportedly contained the names of at least 5 political leaders. He also claimed that a business lobby close to TMC had “forced” him to undertake loss-making ventures.

After the events of last night, the Congress party, at least its central command, have come out in strong support of Mamata Banerjee, who they had once accused of looting the state. Recently, Nalini Chirambaram was charge-sheeted in the Saradha scam. According to the charges filed by CBI, Nalini Chidambaram had received ₹1.4 crore from Sudipta Sen, the prime accused in the case. CBI says that Nalini Chidambaram conspired with Sudipta Sen with an intention of cheating and misappropriation of funds. She took the amount of ₹1.4 crore between 2010 to 2014, according to the chargesheet.

If we consider the current state of the investigation into the scam, at least 4 senior Trinamool leaders have been arrested so far in connection with the scam. The wife of a senior Congress leader and former Union Minister, has been chargesheeted by the CBI as well.

To make matters worse for the TMC, the CBI also suspects that Sen had purchased Mamata’s paintings for huge sums of money. Recently, it was reported that the agency had questioned Manik Majumder in connection with the case who is believed to be a close aide of the Bengal CM. The CBI suspects that Majumder had knowledge about the purchase of paintings by Sen and that he is a key player in managing the funds of the party.

Desperate circumstances call for desperate measures. And the unprecedented actions of the West Bengal government yesterday may be seen in that light.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Nithyananda bans Indians from entering Kailasa citing Covid-19, issues guidelines for ’embassies’ around the world

Sri Nithyananda of Kailasa has banned travelers from India into his fledgling nation amidst the second wave of the Covid-19 pandemic.

In the last few days, availability of Liquid Medical Oxygen increased by 3300 MT per day: Here’s what was discussed in PM’s high-level meeting

The high-level meeting was attended by the Cabinet Secretary, Principal Secretary to PM, Home Secretary, Health Secretary & Officials from Ministry of Commerce & Industry, Ministry of Road Transport, Pharmaceuticals, and NITI Aayog members.

Prime Minister Modi cancels political rallies on 23rd April in West Bengal, to hold a high-level meeting to review COVID-19 situation

Amidst the raging second wave of the Coronavirus pandemic, Prime Minister Narendra Modi took to Twitter and informed that he was cancelling his political engagements in West Bengal tomorrow

Indian Air Force, Railways step in to transport oxygen cylinders, essential medicines to combat COVID-19

In a recent virtual meeting, Defense Minister Rajnath Singh was briefed about the measures taken by the Armed Forces in order to combat COVID-19

Congress’ attack against Covishield continues, now spreads fake news of ‘one vaccine, 3 rates’ from official Twitter handle

The previous low price was a part of SII's commitment to GOI and some other countries for sharing the risk of production. After the current 'under contract' 110 million doses are delivered, SII will sell to GOI at Rs 400 per dose, same as states.

18+ can register for Covid vaccination from April 28. Here is the procedure

Registration for Covid-19 vaccine phase 3 for 18-45 years age group to begin on April 28

Recently Popular

Priyanka Gandhi’s Twitter faux pas, takes three attempts for condolence tweet

At 10:38 AM, four minutes after her first tweet, Priyanka Gandhi Vadra tweeted correct condolence message to correct intended recipient on third attempt.

Sitaram Yechury’s son passes away due to Covid-19

The CPI(M) General Secretary in his tweet thanked all the medical staff who treated his son Ashish Yechury

NDTV journalist Gargi Rawat Ansari shows how she is willing to sacrifice human lives so propaganda continues to reign supreme

NDTV journalist Gargi Rawat Ansari is married to Yusuf Ahmad Ansari, the great-grandson of former Congress President Mukhtar Ahmad Ansari

TikTok Star Funbucket Bhargav, of OMG fame, arrested for raping minor girl

TikTok Star 'Funbucket Bhargav' arrested for raping a minor. Fans of actor Nithya wrongly assumed she was the victim.

I am tired and extremely disoriented: How I got the Chinese virus and lived to tell the tale

OpIndia Editor Nirwa Mehta takes you through her journey of surviving COVID.
- Advertisement -

 

Connect with us

254,091FansLike
531,426FollowersFollow
24,200SubscribersSubscribe